 Partly as a result of citizen activism, the city bought the building.In 2002 the non-profit Pomona Fox Corporation was founded to explore means of preserving and reusing the theater, but they were not able to secure enough funding for their restoration efforts.The building was then sold to its current owners, the Tessier family (who are also responsible for the creation of the Pomona Arts Colony concept and re-developers of many local buildings of historical importance) and their family-owned Gerald Investments, on February 7, 2007, who spent millions restoring the building to make it a beautifully revamped venue for the arts, music and film.